T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: keith massey who wrote (832)	8/25/1999 10:02:00 PM
From: keith massey	Read Replies (2) of 5053

A little financial good news for JDX... Remember the currency exchange and bond losses that JDX took in the financial results) past 6 months. Since June 30 (the reporting date of the last the Canadian dollar has dropped from .684 to close at .668 today. In addition, all US bonds have rallied. The benchmark US 30 year treasury bond has gone from $114.30 on June 30 to close at $116.50 today. So what does this mean for JDX. On the $19 million cash invested in US bonds they have gained 2.4% as a result of foreign exchange and another 2% from the rise in bond prices. This equals around a gain of $850,000 (.03/share) in the past 2 months not including the interest payments from the bonds (around $300,000). Every penny counts <gggg> .70 continues to be the strong point. Since August, 1.1 million shares have traded hands between .70-.75. During this period 14 houses were net buyers and 4 houses were nets sellers so it looks like the majority of houses are still watching and are interested in the stock but are probably waiting for "THE NEWS" before jumping in with both feet and running up the stock. It is impossible to know if someone has been keeping a cap on the stock to accumulate more shares since they could have been buying from several accounts. No single house stands out as a dominant player. Still not a single share sold by insider according to the latest insider trading report from Carlson. Haywood (Mr. Toggneti) continues to sit on the side lines with their 3 million plus shares and have not sold or bought a single share in the past month. Versus has also not sold a single share in the recent drop to .70. I continue to wait and be patient since this will turn out to be a huge winner sometime in the near future. Best Regards KEITH

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